Semiconductor-related exchange-traded funds were among the worst performers of a down market Tuesday, weighed by declines in some big names.
Advanced Micro Devices
were all declining by 2% or more.
Ultra Semiconductor ProShares
responded by falling $2.16, or 2.7%, to $77.59.
Internet Infrastructure HOLDRs
was dropping 10 cents, or 1.8%, to $5.40.
Housing-related funds also were hit hard.
Chairman Ben Bernanke, in prepared remarks to the International Monetary Conference in South Africa, said that while the ongoing housing slump had not adversely affected the overall economy, "the slowdown in residential construction now appears likely to remain a drag on economic growth for somewhat longer than previously expected."
Ultra Real Estate ProShares
was dropping $2.15, or 3.4%, to $60.37. The
Vanguard REIT Index ETF
was off $1.24, or 1.6%, to $78.14. The
iShares Cohen & Steers Realty Majors
sunk $1.39, or 1.4%, to $101.17.
Utility-sector funds also were slumping.
Ultra Utilities ProShares
was down $2.08, or 2.3%, to $86.84.
ETFs tracking silver were among the few winners in Tuesday's market. Silver futures were trading up 7 cents to $13.76.
PowerShares DB Silver
was rising 17 cents, or 0.6%, to $27.11. The
iShares Silver Trust
was adding 42 cents, or 0.4%, to $136.90.
Some health care-related funds also found modest success.
was up 10 cents, or 0.4%, to $26.46, aided by a 15% rise in